Smart Investments to Enable Rebirth, Rejuvenation, and Positive Energy 25-Sep-2013

Education, Up-skilling, & Human Capital Formation Technology & Innovation Industry Clusters & Supply Chains

Higher Incomes Buy More Goods & Services Locally Pay More Taxes Live Longer More Education Lowe Levels of Incarceration Less Dependence on Public Assistance

Median Salary for Math & Computer Graduates ≈ $70,000 Median Salary for Liberal Arts Graduates ≈ $47,000 Liberal Arts

Bachelor's & Above Associates Degree Professional Certificate Vocational Degree High School/GED Sweet Spot: High ROI Industry Relevant Under- supplied Up-skill Potential

ADC BASE REDEVELOPMENT FORUM | PAGE 10 Talk to industry about KEY OCCUPATIONS Conduct a workforce study w/ supply & demand by OCCUPATION Bring Middle-School & High School stakeholders to the table Develop Targeted INCENTIVES

BIG SCIENCE but lightweight innovation Breakthroughs to commercialization is tough Regional knowledge Eco-Systems Research Parks, Incubators, & Venture Capital Map the social network of innovators & tech creators Local clusters need to be connected to global innovation hubs

Productivity Innovation New business formation

2013 ADC BASE REDEVELOPMENT FORUM | PAGE Human Capital Efficiencies  Clusters make recruiting skilled workers faster & cheaper  Clusters of sufficient size become “known” and attract regional, national, & global talent

2013 ADC BASE REDEVELOPMENT FORUM | PAGE Supply Chain Deeping  Specialized, niche suppliers  Financial & other specialty service providers

2013 ADC BASE REDEVELOPMENT FORUM | PAGE Knowledge Spillovers  Natural employee churn fosters idea sharing  Collaboration becomes easier/cheaper  Clusters can support research efforts

3 ) Create Economic Development Initiatives Targeted Recruiting Economic Gardening 2 ) Map the Supply Chains 1 ) Identify Key Industries

2013 ADC BASE REDEVELOPMENT FORUM | PAGE If Its So Easy…

Daniel Meges Economist & Business Development Manager